Foreign direct investment in Pudong New Area increased 18.8 percent in 2016 thanks to the great contribution of the China (Shanghai) Pilot Free Trade Zone, while the city's FDI rose 0.3 percent to US$18.51 billion, making up 15 percent of the national total, the Shanghai Commerce Commission said.

Shanghai's service industry registered a 2.5 percent growth in FDI last year, accounting for 88.2 percent of the city's total FDI. Leasing and business services surpassed real estate services in the inflow of FDI.

FDI in the city's high-tech industry surged 60.9 percent last year to US$1.26 billion, particularly in producers of electronic equipment, new energy, and new materials.

Source: Shanghai FTZ Government.cn